![]() And while the Synchrony HOME card does not require you to redeem your cash back with a specific retailer (as is the case with many store cards), you won’t be able to claim “true” cash back in the form of a check or direct deposit to your bank account. The Citi ® Double Cash Card, for example, offers up to 2% cash back on every purchase (1% when you buy and 1% when you pay off those purchases), no matter where you buy or how much you spend. Traditional cash back cards don’t usually limit on the amount of cash back you can earn in this way. This means that unless you frequently make smaller purchases with the Synchrony HOME card’s partner retailers, the card is unlikely to offer much rewards value in the long run. Instead, larger purchases are eligible for promotional financing. The catch is that you won’t earn any cash back on purchases over $299. which typically require you to have an excellent credit history to qualify. Plus, the Synchrony HOME card should offer better approval odds than many of those cards. ![]() Cash back is automatically redeemed within one to two billing cycles.Īt a glance, this is a solid cash back program, rivaling the rate you’ll find on some of the best flat-rate cash back cards on the market. The Synchrony HOME card comes with a relatively straightforward cash back earning scheme: When you shop with participating retailers and service providers, you’ll earn 2% cash back in the form of a statement credit on all purchases under $299. See related: Synchrony Bank credit cards Solid cash back rate on select purchases While the card may be a fit if you need to juggle financing plans with multiple home goods retailers and service providers, it likely won’t carry much long-term value. However, the Synchrony HOME card only gets you cash back on small purchases, and its promotional financing offers use a risky deferred interest model. Unlike many store credit cards, the Synchrony HOME card boasts a wide reach, allowing you to earn cash back and unlock promotional financing offers at thousands of brick-and-mortar and online retailers with a single card. If you’re in the midst of a home renovation, redesign or repair and find yourself spending heavily on home goods and services, the Synchrony HOME Credit Card could offer decent rewards value and payment flexibility – especially if you can’t qualify for a traditional cash back credit card or 0% intro APR credit card. Get personalized offers from our partners in seconds. Find card offers for you: This card is not currently available on , but you can still find a great card offer for you! Our CardMatch tool can help match you with prequalified offers and cards that align with your credit history – with no harm to your credit score.
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